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MDIV vs INCM

Multi-Asset Diversified Income Index Fund vs Franklin Income Focus ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

INCM

Franklin Income Focus ETF

Franklin Templeton Investments

Annual cost

0.38%

Fund size

$1.5B

Key differences

  • INCM costs 0.33% less per year.
  • INCM is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while INCM is alternative — different risk/return profiles.
  • MDIV follows a index tracking strategy; INCM uses multi strategy.
  • MDIV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MDIVINCM
Annual cost (TER)0.71%0.38%
Fund size (AUM)$417M$1.5B
Since20122023
Dividend yield6.13%5.04%
Asset classmixed assetalternative
Regionemerging markets
Strategyindex trackingmulti strategy
CAGR 1Y+13.4%+17.4%
CAGR 3Y+12.3%N/A
CAGR 5Y+6.4%N/A
Sharpe 3Y0.94N/A
Volatility 1Y6.70%5.28%
Max drawdown-48.50%-7.84%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to MDIV and INCM